A Golden Rule that Might Chip Away at Inequality
Watching grown men fulminate in public can be unnerving. Michael Piwowar and Daniel Gallagher — two distinctly CEO-friendly members of the federal Securities and Exchange Commission — recently did plenty of fulminating.
Piwowar and Gallagher had little choice. They were trying to defend the indefensible — the skyrocketing pay of America’s top executives — against a common-sense reform that lawmakers wrote into federal law three years ago.